STEEL PARTNERS HOLDINGS LP (SPLP)

US85814R1077

36.75  -0.19 (-0.51%)

Fundamental Rating

5

We assign a fundamental rating of 5 out of 10 to SPLP. SPLP was compared to 10 industry peers in the Industrial Conglomerates industry. While SPLP belongs to the best of the industry regarding profitability, there are some minor concerns on its financial health. SPLP has a valuation in line with the averages, but it does not seem to be growing.



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8

1. Profitability

1.1 Basic Checks

SPLP had positive earnings in the past year.
SPLP had a positive operating cash flow in the past year.
Of the past 5 years SPLP 4 years were profitable.
SPLP had a positive operating cash flow in 4 of the past 5 years.

1.2 Ratios

SPLP has a better Return On Assets (3.78%) than 90.00% of its industry peers.
SPLP has a better Return On Equity (15.74%) than 70.00% of its industry peers.
SPLP has a Return On Invested Capital of 9.65%. This is in the better half of the industry: SPLP outperforms 80.00% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for SPLP is in line with the industry average of 7.92%.
The 3 year average ROIC (9.29%) for SPLP is below the current ROIC(9.65%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 3.78%
ROE 15.74%
ROIC 9.65%
ROA(3y)5.02%
ROA(5y)3.37%
ROE(3y)20.43%
ROE(5y)14.91%
ROIC(3y)9.29%
ROIC(5y)7.51%

1.3 Margins

SPLP has a Profit Margin of 7.92%. This is amongst the best in the industry. SPLP outperforms 90.00% of its industry peers.
SPLP's Profit Margin has improved in the last couple of years.
Looking at the Operating Margin, with a value of 13.32%, SPLP is in the better half of the industry, outperforming 80.00% of the companies in the same industry.
In the last couple of years the Operating Margin of SPLP has grown nicely.
Looking at the Gross Margin, with a value of 42.11%, SPLP belongs to the top of the industry, outperforming 90.00% of the companies in the same industry.
SPLP's Gross Margin has improved in the last couple of years.
Industry RankSector Rank
OM 13.32%
PM (TTM) 7.92%
GM 42.11%
OM growth 3Y6.95%
OM growth 5Y13.53%
PM growth 3Y12.58%
PM growth 5YN/A
GM growth 3Y6.98%
GM growth 5Y7.04%

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5

2. Health

2.1 Basic Checks

SPLP has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
SPLP has less shares outstanding than it did 1 year ago.
SPLP has less shares outstanding than it did 5 years ago.
SPLP has a better debt/assets ratio than last year.

2.2 Solvency

A Debt/Equity ratio of 0.38 indicates that SPLP is not too dependend on debt financing.
The Debt to Equity ratio of SPLP (0.38) is better than 90.00% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.38
Debt/FCF N/A
Altman-Z N/A
ROIC/WACC0.81
WACC11.95%

2.3 Liquidity

A Current Ratio of 1.27 indicates that SPLP should not have too much problems paying its short term obligations.
With an excellent Current ratio value of 1.27, SPLP belongs to the best of the industry, outperforming 90.00% of the companies in the same industry.
A Quick Ratio of 1.17 indicates that SPLP should not have too much problems paying its short term obligations.
With an excellent Quick ratio value of 1.17, SPLP belongs to the best of the industry, outperforming 90.00% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 1.27
Quick Ratio 1.17

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3

3. Growth

3.1 Past

SPLP shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -22.92%.
SPLP shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 61.51% yearly.
The Revenue has grown by 12.39% in the past year. This is quite good.
The Revenue has been growing slightly by 3.76% on average over the past years.
EPS 1Y (TTM)-22.92%
EPS 3Y61.51%
EPS 5YN/A
EPS growth Q2Q-41.3%
Revenue 1Y (TTM)12.39%
Revenue growth 3Y13.29%
Revenue growth 5Y3.76%
Revenue growth Q2Q10.48%

3.2 Future

No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
EPS Next YN/A
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next YearN/A
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.

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4

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings ratio is 6.21, which indicates a rather cheap valuation of SPLP.
80.00% of the companies in the same industry are more expensive than SPLP, based on the Price/Earnings ratio.
SPLP's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 24.92.
Industry RankSector Rank
PE 6.21
Fwd PE N/A

4.2 Price Multiples

Based on the Enterprise Value to EBITDA ratio, SPLP is valued cheaply inside the industry as 100.00% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 1.73

4.3 Compensation for Growth

SPLP has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2YN/A
EPS Next 3YN/A

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0

5. Dividend

5.1 Amount

No dividends for SPLP!.
Industry RankSector Rank
Dividend Yield N/A

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STEEL PARTNERS HOLDINGS LP

NYSE:SPLP (4/26/2024, 3:10:04 PM)

36.75

-0.19 (-0.51%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryIndustrial Conglomerates
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap749.33M
Analysts
Price Target
Dividend
Industry RankSector Rank
Dividend Yield N/A
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
Max EPS beat(2)
EPS beat(4)
Avg EPS beat(4)
Min EPS beat(4)
Max EPS beat(4)
EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
Avg EPS beat(12)
EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
Max Revenue beat(2)
Revenue beat(4)
Avg Revenue beat(4)
Min Revenue beat(4)
Max Revenue beat(4)
Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
Avg Revenue beat(12)
Revenue beat(16)
Avg Revenue beat(16)
PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
Industry RankSector Rank
PE 6.21
Fwd PE N/A
P/S
P/FCF
P/OCF
P/B
P/tB
EV/EBITDA
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA 3.78%
ROE 15.74%
ROCE
ROIC
ROICexc
ROICexgc
OM 13.32%
PM (TTM) 7.92%
GM 42.11%
FCFM
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.48
Health
Industry RankSector Rank
Debt/Equity 0.38
Debt/FCF
Debt/EBITDA
Cap/Depr
Cap/Sales
Interest Coverage
Cash Conversion
Profit Quality
Current Ratio 1.27
Quick Ratio 1.17
Altman-Z
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)-22.92%
EPS 3Y61.51%
EPS 5Y
EPS growth Q2Q
EPS Next YN/A
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)12.39%
Revenue growth 3Y13.29%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y